Flat rate
15.0%
Duration
—
Prior non-residency
—
required before applying
Standard top income tax
40.0%
Zimbabwe, without the regime
Overview
- Regime
- Special Economic Zones
- Country
- Zimbabwe
- Type
- Flat rate
- Status
- Active
- Effective from
- Jan 1, 2017
- Expires on
- —
Details
- Summary
- Licensed SEZ operators may pay 0% corporate tax for the first five years, then 15%; specialized expatriate staff may be taxed at 15% on employment income.
- Eligibility
- Approved licensed operator in a gazetted special economic zone.
- Benefits
- Reduced CIT and flat 15% tax on specialized expatriate employment income; various WHT exemptions for qualifying investors.
- Requirements
- SEZ licensing and compliance with ZIDA and ZIMRA conditions.
- Limitations
- Rates apply to qualifying SEZ income only; standard rates on non-qualifying activities.
- Income types covered
- Corporate profits and qualifying expatriate salaries in SEZs
- Duration details
- Five-year CIT holiday then ongoing reduced rate while licensed
Other regimes in Zimbabwe
| Name | Type | Rate |
|---|---|---|
| IFSC expatriate employment | Flat rate | 15.0% |
View source Income Tax Act read with Finance Act (SEZ incentives)